KASB BANK LIMITED versus MEKRAN FISHERIES (PVT.) LTD
Section 19 (3) Civic Procedure Code (v. 1908), Section 152 Mortgage Mortgage Amendment, Banking Court Sale Defendants Defendant's Bank Decides This Case and Legally Auctioning and Selling The decision and the decree directed to be submitted to the court on the matter have been amended so that the mortgaged property can be sold directly by the bank. Under Section 19 (3) of the Financial Institutions (Recovery of Finance) Ordinance 2001, the property plaintiff's bank was empowered to sell residential property through a public auction or without the intervention of mortgaged tenders and banking courts. To provide appropriate proceedings toward complete and partial satisfaction without a decree, although the sale and sale of property held by the court was provided for in the case, but section 19 (3). In view of the supply of (Financial Institutions (Recovery of Finance) Ordinance, 2001), the plaintiff bank is using its rightful bank There is no need to get any order or amendment in any order in this regard.
Related judgments — Karachi High Court Sindh, 2011
